WELFARE PLAN. “Welfare Plan” shall mean any “employee welfare benefit plan” as defined in Section 3(1) of ERISA (other than a Multiemployer Plan) which the Company or any of its Subsidiaries sponsors, maintains, administers, contributes to, or is obligated to contribute to, which covers any current or former employee of the Company or any of its Subsidiaries.
WELFARE PLAN. 16.01 The Welfare Plan covering life insurance, sickness and accident benefit and hospitalization insurance or any changes thereto that are in accordance with the Canadian Elevator Industry Plan and Declaration of Trust, shall be a part of this Agreement and be adopted by all parties signatory thereto.
16.02 The Welfare Plan shall be financed by contributions by the Employers and the Elevator Constructor Mechanics and Helpers. The Employer agrees to pay and contribute the applicable hourly contribution for each hour of work performed by all Elevator Constructor Mechanics and Helpers in his employ, in accordance with the Contribution Schedule contained herein. Each Elevator Constructor Mechanic and Helper shall continue to pay and contribute one dollar and sixty eight cents ($1.68) per hour worked. Payment of said contributions by the Employers and by the Elevator Constructor Mechanics and Helpers shall be in accordance with the Canadian Elevator Industry Welfare Plan and Declaration of Trust.
16.03 Provided that, if after the effective date of this Agreement, the Employer or employee contributions to the Welfare Plan, or any part thereof, are deemed by the Trustees of such Plan, after consultation with the Actuary, to be in excess of the amount required to finance such Plan, the Trustees shall recommend to the parties that such contributions or part thereof shall be re-allocated to the Pension Plan as an Employer or Employee contribution thereunder.
16.04 Employees who enter employment shall not be deemed eligible for coverage under the Plan of Benefits until they have:
i) completed the probationary period of six (6) months (as set out in Article 10.03.01) and
ii) accumulated and contributed and had contributions made on their behalf by the Employer(s) for a further nine hundred (900) hours or such other number of hours as the Trustees in their sole discretion may determine from time to time, in a nine (9) month period. WELFARE PLAN - EMPLOYER CONTRIBUTION – AMOUNT PER HOUR $1.18 All contributions required by this Article shall be remitted by the Employer at the office of the Administrator effective at time of signing. The cutoff dates for each month shall be the week endings as advised by the Administrator.
16.05 The Union reserves the right to increase amounts of contributions to the funds from wages.
WELFARE PLAN. The Company shall make available to its employees a welfare plan, pursuant to the terms and conditions of Exhibit "C" which is attached hereto and forms part of this agreement.
WELFARE PLAN. The parties hereto agree on a Welfare Fund as follows:
26.01 (A) The Trust Document under which the fund is controlled shall provide for Trustees equal in number and in power appointed by each of the Parties hereto.
WELFARE PLAN. Each “employee welfare plan” as defined in ERISA section 3(1), including medical reimbursement benefits provided under a Fringe Benefit Plan subject to Code section 125 and health reimbursement arrangements. The term “Welfare Plan” includes an “employee welfare plan” which is subject to an exemption under ERISA. The term “Welfare Plan” shall include any terminated “employee welfare plan” previously maintained, sponsored, or contributed to by the Company or any ERISA Affiliate which, as of the date of this Agreement, has not distributed all of its assets or satisfied all of its Liabilities.
WELFARE PLAN. “Welfare Plan” shall mean any “employee welfare benefit plan” as defined in Section 3(1) of ERISA, (A) which Seller maintains, administers, contributes to or is required to contribute to, and (B) which covers any employee or former employee of Seller.
WELFARE PLAN. (a) Effective January 1, 2014, full-time employees in the bargaining unit are entitled (subject to eligibility requirements), to participate in the health and dental care benefits plan which must be provided by the Company for hourly employees (currently “Benefits Plus”). The terms and conditions of participation and benefits entitlements for full-time employees shall be governed by the official text of the plan, which may be amended from time to time. For clarity, the Company’s obligation in respect to such plans is limited to the payment of premiums only and the Company reserves its right to amend, modify or alter these plan(s) in the future at its discretion. The benefit plans are not incorporated into the collective agreement and will not be the subject matter of arbitration.
(b) For employees who commence receiving Long Term Disability benefits prior to December 31st, 2013 (prior to the conversion on January 1st, 2014 to the new health and dental plan, currently “Benefits Plus”), health and dental benefits for such employees will not be impacted by the change. Prior to the January 1st, 2014 conversion, when any such employee goes off work for an extended illness, extended compensable or non-compensable accident, the Company shall continue to pay such employee’s Welfare Plan payments for a maximum of (1) year.
WELFARE PLAN. 12.01 The Corporation will contribute one hundred per cent (100%) of the cost of the Employer Health Tax and one hundred per cent (100%) of the cost of the Green Shield supplementary coverage for semi-private hospital accommodation, if desired by the employee, for each Fire Fighter and his/her dependents as defined by the plans.
12.02 The employee is responsible for promptly informing the Corporation of any change in the employee's eligibility or that of his/her dependents for coverage under the insurance plans, and any excess premiums paid on behalf of the employee shall be recoverable from the employee in the event of his/her neglect to so inform the Corporation. A Fire Fighter covered by the welfare plan is subject to co-ordination of benefit payments where an employee or spouse has coverage under more than one benefit plan. The Fire Fighter agrees to disclose any benefit coverage by which he/she or his/her spouse is covered that duplicates the coverage of this plan.
12.03 The Corporation will provide by contract with an insurer licensed under the Insurance Act, compulsory group life insurance for the Fire Fighters, except Probationers, in an amount two (2) times the basic annual salary, to the nearest $500.00, with accidental death and dismemberment rider, and the Corporation will contribute one hundred per cent (100%) of the amount of the premiums for the insurance on the life of each Fire Fighter. Coverage shall normally be adjusted effective on the first day of the month following a permanent increase in salary, but adjustments arising from the terms of a new or revised agreement shall be made effective as soon as possible after the signing of the Terms of Settlement.
12.04 The Corporation will provide a prescription drug plan under the Green Shield Plan (Drug Formulary 3 which excludes over the counter products and drugs and provides automatic generic substitution of drugs where there is no difference in therapeutic value or unless “no substitution” is specified by the employee’s physician) with a deductible of $10.00 single / $20.00 family and a dispensing fee cap of $8.00 per prescription. The Corporation shall contribute 100% of the amount of the premiums. This plan shall be obligatory for new employees. The $10 single / $20 family deductible will be effective January 1, 2002.
(a) By-law No. 5785, relating to supplemental retirement allowances, as amended to date, shall not be further amended as affecting the members of the bargaining unit witho...
